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Business Credit Availability Program (BCAP)

Support for small and medium sized businesses


SB Partners Admin on April 20, 2020 in COVID19

A Business Credit Availability Program (BCAP) was established to provide $65 billion of additional support to small and medium-sized businesses through the Business Development Bank of Canada (BDC) and Export Development Canada (EDC).

BDC and EDC are working with private-sector lenders to coordinate on credit solutions for individual businesses, including in sectors such as oil and gas, air transportation, exports, and tourism.

What does the BCAP program include?


Loan Guarantee for Small and Medium-Sized Enterprises

EDC is working with financial institutions to issue new operating credit and cash flow term loans of up to $6.25 million to SMEs. The money is to be used for operational expenses.

Co-Lending Program for Small and Medium-Sized Enterprises

BDC is working with financial institutions to co-lend term loans to SMEs for their operational cash flow requirements. Eligible businesses may obtain incremental credit amounts of up to $6.25 million through the program, based on revenues generated before the COVID-19 outbreak. The money is to be used for the operational and liquidity needs of a business, which could include interest payments on existing debt.

Who will benefit from BCAP?  

All credit-worthy businesses with viable business models whose activities fall within the mandate of either BDC and/or EDC are eligible to benefit from BCAP.  

How to access BCAP? 

Businesses interested in accessing the BCAP should first contact their financial institution, which will contact BDC and/or EDC where appropriate

When will BCAP be available?

BCAP is currently available. Interested businesses should contact their financial institution for more information.